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The money has been used to fund expenses such as administration costs, development approval extensions, valuations etc. We are still talking about a vacant block of land with a fence around it. Not a cubic centimetre of concrete has been poured. 44 people have put in $30 000 to fund this...

What can I say, there are great whites out there, and clearly fish asking to be eaten also. Currently in the process of filling out an application to take them to court. I'm advised that if this happens then ill 100% win, and regain the deposit but I just don't know who is playing who any more.

Yes I was aware that they were rejected first by commonwealth bank and then again by another bank due to poor valuations from Herron Todd White. This was much to do with the previous floods. I'm also aware they then went on to seek finance from private lenders. This automatically spells...

Spot on Neil. What do you know about it?

I originally sent a copy of the contract to a solicitor, I then changed solicitors because I didn't like their services. So my new solicitor came halfway through the deal. The problem with OTP contracts is they are usually written in favour of the developer. Aparantly the terms of this...

Hi guys, Over two years ago I naively signed a contract as an over-excited 21 year old for an off the plan property purchase of 1 of 44 townhouses in Emerald Qld. With zero vacancy rates and a rental appraisal of $750 a week it was the perfect investment. Until I learned about developers...